Posted on: 29th Apr, 2009 02:47 pm
i need to know what the par rate is before a buy down on FHA and conventional
Hi tpica,
The FHA par rates keeps on varying. It would be better if you could contact the lenders and check out what type of rates they are offering. You can also speak to the lenders of this community and seek a no obligation free mortgage quote from them. This will help you to know the rates prevailing in the market.
Thanks
The FHA par rates keeps on varying. It would be better if you could contact the lenders and check out what type of rates they are offering. You can also speak to the lenders of this community and seek a no obligation free mortgage quote from them. This will help you to know the rates prevailing in the market.
Thanks
yes, indeed, interest rates are continually changing. a par rate right now might not apply in another hour.
Not only are the rates always changing, but there are also adjustments which may apply to your loan scenario which would change the "par" rate. This making it even more difficult to pin point the lowest possible rate that will stick. I hope this helps...
A “par†rate is one that the lender is not paying the loan officer anything “behind the scenesâ€.